Tower Bridge Advisors Lowers Stock Holdings in NXP Semiconductors (NASDAQ:NXPI)

Tower Bridge Advisors cut its stake in NXP Semiconductors (NASDAQ:NXPI) by 5.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,230 shares of the semiconductor provider’s stock after selling 240 shares during the period. Tower Bridge Advisors’ holdings in NXP Semiconductors were worth $1,015,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Drive Wealth Management LLC increased its position in shares of NXP Semiconductors by 4.3% during the second quarter. Drive Wealth Management LLC now owns 953 shares of the semiconductor provider’s stock worth $257,000 after purchasing an additional 39 shares in the last quarter. Beacon Capital Management LLC increased its position in shares of NXP Semiconductors by 36.4% during the first quarter. Beacon Capital Management LLC now owns 150 shares of the semiconductor provider’s stock worth $37,000 after purchasing an additional 40 shares in the last quarter. Patten Group Inc. increased its position in shares of NXP Semiconductors by 1.2% during the second quarter. Patten Group Inc. now owns 3,454 shares of the semiconductor provider’s stock worth $929,000 after purchasing an additional 42 shares in the last quarter. West Paces Advisors Inc. increased its position in shares of NXP Semiconductors by 3.1% during the second quarter. West Paces Advisors Inc. now owns 1,500 shares of the semiconductor provider’s stock worth $404,000 after purchasing an additional 45 shares in the last quarter. Finally, Octavia Wealth Advisors LLC grew its holdings in shares of NXP Semiconductors by 5.4% during the second quarter. Octavia Wealth Advisors LLC now owns 880 shares of the semiconductor provider’s stock worth $238,000 after buying an additional 45 shares during the last quarter. 90.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at NXP Semiconductors

In other NXP Semiconductors news, EVP Jennifer Wuamett sold 3,500 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $232.35, for a total transaction of $813,225.00. Following the sale, the executive vice president now owns 30,269 shares in the company, valued at approximately $7,033,002.15. This represents a 10.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.11% of the stock is owned by insiders.

Analysts Set New Price Targets

NXPI has been the topic of a number of research reports. Truist Financial lowered their price target on NXP Semiconductors from $287.00 to $252.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Mizuho set a $290.00 price target on NXP Semiconductors in a report on Friday, October 18th. Barclays lowered their price target on NXP Semiconductors from $330.00 to $280.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Loop Capital assumed coverage on NXP Semiconductors in a report on Monday, November 11th. They set a “buy” rating and a $300.00 price target on the stock. Finally, The Goldman Sachs Group lowered their price objective on NXP Semiconductors from $285.00 to $277.00 in a report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $276.76.

NXP Semiconductors Stock Performance

NXPI opened at $217.04 on Friday. The stock has a market cap of $55.16 billion, a P/E ratio of 20.71, a P/E/G ratio of 4.36 and a beta of 1.49. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.35 and a quick ratio of 1.60. The stock’s 50 day simple moving average is $234.14 and its 200 day simple moving average is $252.64. NXP Semiconductors has a 1-year low of $198.00 and a 1-year high of $296.08.

NXP Semiconductors (NASDAQ:NXPI) last announced its earnings results on Monday, November 4th. The semiconductor provider reported $3.45 EPS for the quarter, beating analysts’ consensus estimates of $3.43 by $0.02. The firm had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.25 billion. NXP Semiconductors had a return on equity of 33.57% and a net margin of 20.98%. NXP Semiconductors’s quarterly revenue was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.31 EPS. As a group, equities analysts anticipate that NXP Semiconductors will post 11.37 EPS for the current fiscal year.

NXP Semiconductors Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Thursday, September 12th were issued a dividend of $1.014 per share. This represents a $4.06 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend was Thursday, September 12th. NXP Semiconductors’s dividend payout ratio (DPR) is presently 38.74%.

NXP Semiconductors Company Profile

NXP Semiconductors N.V. offers various semiconductor products. The company's product portfolio includes microcontrollers; application processors, including i.MX application processors, and i.MX 8 and 9 family of applications processors; communication processors; wireless connectivity solutions, such as near field communications, ultra-wideband, Bluetooth low-energy, Zigbee, and Wi-Fi and Wi-Fi/Bluetooth integrated SoCs; analog and interface devices; radio frequency power amplifiers; and security controllers, as well as semiconductor-based environmental and inertial sensors, including pressure, inertial, magnetic, and gyroscopic sensors.